$185,000
$195,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
311 Washtenaw Avenue Ypsilanti, MI 48197
2,613 Sqft Lot
Key Details
Sold Price $185,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70459904
Sold Date 05/16/25
Year Built 1884
Annual Tax Amount $4,563
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 34x82.5
Property Sub-Type Multi-Family
Property Description
This Ypsilanti duplex features a 2 bedroom main level unit and a 1 bedroom upper unit. Tenants pay gas and electric. Each unit has its own furnace & water heater. Shared driveway. Currently rented at below market rents. Unit 1 rent is $700/month and Unit 2 rent is $850/month. Landlord pays water, taxes, and insurance. Total annual expenses $6,411; gross operating income $18,600; net operating income $12,189. Great proximity to downtown Ypsilanti, EMU and Depot Town. Showings begin Saturday, April 12th.
Location
State MI
County Washtenaw
Area Ypsilanti (81033)
Interior
Heating Forced Air
Exterior
Exterior Feature Other
Building
Foundation Basement
Structure Type Other
Schools
School District Ypsilanti Public School District
Others
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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